Cost Engineer

Company: URENCO UK Ltd
Apply for the Cost Engineer
Location: Capenhurst
Job Description:

Help us to make a world of difference. Urenco is a global leader in the production of low carbon energy. We work at the cutting edge of the transition to a sustainable, net zero world. We are looking for a Senior Cost Engineer to join us at our Capenhurst site. In this role, you will provide cost engineering leadership as a hands‑on practitioner across the full asset lifecycle for Plant Design and Engineering. You will develop and maintain robust cost models, baselines and forecasts, ensuring full alignment with PMO and Finance, compliance with internal policies and regulatory requirements, and clear reporting that supports effective decision making. You will be the owner of engineering cost modelling and cost control during design phases, working within the governance framework set by Project Controls. You will also own and maintain the engineering estimating standards, templates and underlying data model, acting as the intelligent customer for cost information across SAP and Primavera P6. The role is critical in safeguarding project value through strong cost controls, rigorous change management and proactive stakeholder engagement.

What you’ll do:

  • Cost Modelling and Design Phase Control – lead engineering cost modelling and cost control during all design phases, ensuring clear handovers to PMO, Finance and Commercial.
  • Build and maintain robust parametric and analytical cost models that support accurate forecasting.
  • Set and update integrated cost baselines that align scope, schedule and resources across stakeholders.
  • Estimating Standards and Data Governance – own engineering estimating standards, templates and data models, acting as the intelligent customer for cost data across SAP and Primavera P6.
  • Maintain strong data lineage and version control to ensure accuracy and traceability.
  • Change Management and Risk Alignment – work with PMO to manage change, keeping cost and schedule baselines aligned.
  • Quantify risk and opportunity impacts and support recovery or optimisation plans.
  • Contract and Commercial Support – support contract management, including change order reviews, invoice validation and benchmarking.
  • Provide independent cost challenge to protect commercial value.
  • Process Ownership and Continuous Improvement – define and maintain cost control processes, tools and templates.
  • Manage the complexity classification framework and maintain historical cost and labour databases for continuous improvement.
  • Labour Estimation and Advanced Techniques – lead estimation of senior engineering labour across multiple disciplines.
  • Apply probabilistic techniques such as Monte Carlo analysis for contingency setting on high novelty or R&D work.
  • Strategic Cost Advisory – serve as the primary engineering cost advisor at project initiation, funding submissions and gate reviews.
  • Align estimating assumptions across Engineering, Project Controls and Finance.
  • Compliance, Assurance and Reporting – ensure compliance with internal policies, financial standards and regulatory requirements and maintain audit‑ready documentation.
  • Produce dashboards and concise narrative reports that highlight performance, risks, opportunities and recommended actions for Design Managers and leadership.

What do you need to thrive in this role?

Education and Professional Credentials

  • Bachelor’s degree in Engineering, Finance, Cost Engineering or a related technical field.
  • Advanced qualifications or professional accreditations such as DACE, ACostE or AACE International (CCP or CCE) are preferred.

Technical and Digital Skills

  • Strong capability with SAP S4 HANA, Primavera P6 EPPM and advanced Excel including Power Query, Power Pivot and VBA.
  • Power BI expertise.
  • Experience with tools such as @RISK for Monte Carlo analysis, SAP Ariba and Power Automate is desirable.

Industry and Functional Experience

  • Five to eight years of experience in cost engineering, project controls or engineering planning within regulated, asset‑intensive sectors such as nuclear, energy, defence or heavy industry.
  • Proven ability to build cost models from first principles that are accessible for non‑specialists.
  • Demonstrated experience integrating cost and schedule to manage baselines and change.

Estimating and Labour Modelling

  • Strong experience estimating specialist senior engineering labour across multiple disciplines and design maturity stages.

Systems Operation and Governance

  • Hands‑on experience using SAP and Primavera P6 to control costs, manage commitments, integrate cost and schedule performance using earned value methods and implement approved baseline changes with full audit trail.

What can you expect from us?

  • Generous Annual Leave: Starting at 25 days, increasing by one day every two years (up to 30 days), plus 13 additional flexible days. Option to buy or sell up to 5 holiday days.
  • Family‑Friendly Policies: A wide range of policies to support work‑life balance and family needs.
  • Bonus Scheme: A competitive bonus scheme based on company and individual performance.
  • Pension Scheme: Defined contribution plan with up to 16% employer contribution.
  • Private Medical & Dental Cover: Single coverage with the option to purchase additional benefits.
  • Flexible Benefits: Life assurance, income protection, and other options tailored to your lifestyle, with tax and National Insurance savings.
  • Training & Development: A focus on continuous learning, with personalised training packages to support your career growth, including mandatory health and safety courses.

We are a truly global company with a presence in the UK, USA, Germany, and the Netherlands. We strive to create an open and inclusive workplace that allows every voice to be heard and diversity to thrive.

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Posted: June 1st, 2026